Micropulse, Inc., a medical device manufacturer for the orthopedic and cardiovascular industries, plans to expand its Columbia City, Indiana
, operations center, creating up to 100 jobs by 2016.
The homegrown-Hoosier company develops and manufactures orthopedic instruments, implants and sterilization cases and trays, as well as incubates orthopedic startup companies in-house. The company will invest $14.3 million to equip and renovate its current 100,000 square-foot facility in two phases through 2017. The project's first phase, which includes equipment installation, is expected to be complete by late next year.
By 2015, phase two of the project will commence, including a 60,000 square foot facility expansion and some renovation. The new expansion will house additional offices and precision machines and will accommodate growth of its core contract manufacturing business and continued support of the startup incubator Orthovation Center.
"We are growing in Indiana for a number of reasons including our talented people, a tremendous infrastructure of suppliers, customers and the availability of future skilled workers," said Brian Emerick, Founder and President of Micropulse. "Indiana continues to lead the nation, encouraging companies like Micropulse to grow through numerous pro-business initiatives and low tax rates."
"From pharmaceutical to orthopedic leaders, Indiana's sound fiscal policies, low-tax structure and talented workforce continue to be a catalyst of growth and success for life sciences companies like Micropulse," said Gov. Mike Pence. "Indiana has developed a comprehensive formula of business-friendly and entrepreneur-friendly remedies that give companies in this sector a competitive edge and are further testament to the state's reputation as the orthopedics capital of the world."
"We are pleased to support Micropulse's expansion in Whitley County and commend company owner Brian Emerick for his ongoing commitment to our community," said Whitley County Commissioner George Schrumpf. "We greatly appreciate how involved the Micropulse team is in local and regional community and economic development efforts."
As an incentive, the Indiana Economic Development Corporation offered Micropulse, Inc., up to $700,000 in performance-based tax credits and up to $50,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Whitley County approved additional tax abatement at the request of Whitley County Economic Development Corporation.